Dollar Weakens Versus Most Peers Amid Speculation on Bernanke
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The dollar weakened against most of its major counterparts as investors mulled whether Federal Reserve Chairman Ben S. Bernanke will announce further monetary stimulus for the economy tomorrow.
South Africa’s rand and Norway’s krone were the best performers against the dollar and yen as stock-market gains in Asia and Europe spurred demand for higher-yielding assets. The dollar pared losses against the euro as claims for unemployment benefits in the U.S. unexpectedly rose last week.